Inflation in China registered an increase of 0.1% year-over-year in April, according to numbers from the National Bureau of Statistics of the country, falling below expectations. Some analysts are already warning about the dangers of deflation, even calling on the Chinese government to deliver cash handouts in order to push consumer demand.
Low Inflation Numbers in China Worry Analysts
China, one of the biggest economies in the world, has registered its lowest inflation numbers in more than two years, according to data coming from the National Bureau of Statistics (NBS). The Consumer Price Index (CPI) registered an increase of 0.1% year-over-year, dropping from 0.7% registered in March.
The drop in prices was caused in part by a decline in food and beverages prices, which went from 2.4% in March to less than 1% in April. Core inflation, which does not include prices of food and beverages, rose 0.7% year-over-year. The numbers are below the expectations of the country for this year, est
We współpracy z: https://news.bitcoin.com/inflation-in-china-down-to-lowest-number-in-more-than-two-years-analyst-proposes-giving-cash-handouts-to-avoid-deflation/
